Answer:
Please check your answer for the same
Explanation:
To calculate the expected spending after one year due to the annual inflation rate of 9%, we can use the formula for calculating the new amount after inflation:
\[ \text{New amount} = \text{Old amount} \times (1 + \text{inflation rate}) \]
Given that the old amount spent on living expenses is $45,000 and the inflation rate is 9%, we have:
\[ \text{New amount} = \$45,000 \times (1 + 0.09) \]
\[ \text{New amount} = \$45,000 \times 1.09 \]
\[ \text{New amount} = \$49,050 \]
Therefore, the family can expect to spend approximately $49,050 in one year due to the 9% annual inflation rate.
Among the given options, the closest value to $49,050 is:
A. $50,045
So, the answer is A. 50,045.
